On July 1, 2020, Aubergine Corp. purchased computer equipment at a cost of $480,000. This equipment was estimated to have a 6-year life with no residual value and was depreciated by the straight-line method.

On January 3, 2023, Aubergine determined that this equipment could no longer process data efficiently, that its value had been permanently impaired, and that $170,000 could be recovered over the remaining useful life of the equipment.

What carrying amount should Aubergine report on its December 31, 2023, balance sheet for this equipment?